GCL-Poly increases polysilicon and wafer production to offset ASP and profit decline

GCL-Poly Energy Holdings increased production of both polysilicon and solar wafers to offset ASP declines that limited first half year revenue and profits. Image: GCL-Poly In the first half of the year, GCL-Poly increased polysilicon production by 13.7%, compared to the prior year period, resulting in 36,768MT being produced and annual production expected to be 70,000MT. The company ran polysilicon plants at full-capacity in the period. Image: GCL-Poly GCL-Poly reported Solar Material Business revenue of HK$11,412.0 million, (US$1.47 billion), down 4% on the prior year period. Polysilicon sales contribution to total group revenue dropped to 8.0%, while wafer sales contribution increased to 86.9%. Image: GCL-Poly Financials 3800 HKG 1.25 +0.01 (0.81%) 10:34AM GMT+8 The largest polysilicon producer GCL-Poly Energy Holdings increased production of both polysilicon and solar w...